1508 - 7 Michael Power Place
City Centre West, Toronto
$558,000
Bedrooms: 2
Bathrooms: 2
Living Area: 800 sqft
Price Per Sqft: $697.50
About this Condo
in City Centre West, Toronto
Welcome to this bright and spacious 2-bedroom, 2-bathroom corner suite in the highly desirable Port Royal Place community. This well-maintained unit features a functional open concept layout with a spacious kitchen overlooking the living and dining area, and a walkout to a private balcony, perfect for enjoying your morning coffee or evening relaxation. The unit has been recently updated with brand new 2024 stainless steel appliances including fridge, stove, built-in microwave, and dishwasher, along with updated bathroom cabinets. Additional updates completed in 2025 include new living room flooring, modern light fixtures, and a freshly painted interior, making the unit move-in ready. The primary bedroom toilet will be replaced prior to closing, and the carpets have been professionally cleaned. The spacious primary bedroom features a private ensuite bathroom and ample closet space. This unit also offers the convenience of maintenance fees that include all utilities - heat, hydro, and water. Conveniently located close to transit, schools, parks, shopping, and major highways. A great opportunity for first-time buyers, downsizers, or investors.
Listed by THE DIAMOND REALTY INC..
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LAND TRANSFER TAX CALCULATOR
| Purchase Price | |
| First-Time Home Buyer |
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| Ontario Land Transfer Tax | |
| Toronto Land Transfer Tax | |
Province of Ontario (effective January 1, 2017)
For Single Family or Two Family Homes
- Up to and including $55,000.00 -> 0.5%
- $55,000.01 to $250,000.00 -> 1%
- $250,000.01 to $400,000 -> 1.5%
- $400,000.01 & $2,000,000.00 -> 2%
- Over $2,000,000.00 -> 2.5%
First-time homebuyers may be eligible for a refund of up to $4,000.
Source: Calculating Ontario Land Transfer Tax
Source: Ontario Land Transfer Tax for First-Time Homebuyers
City of Toronto (effective March 1, 2017)
For Single Family or Two Family Homes
- Up to and including $55,000.00 -> 0.5%
- $55,000.01 to $250,000.00 -> 1%
- $250,000.01 to $400,000 -> 1.5%
- $400,000.01 & $2,000,000.00 -> 2%
- Over $2,000,000.00 -> 2.5%
First-time homebuyers may be eligible for a rebate of up to $4,475.
Source: Municipal Land Transfer Tax Rates and Calculations
Source: Municipal Land Transfer Tax Rates Rebate Opportunities
MORTGAGE CALCULATOR
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| * This material is for informational purposes only. | |||
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